UK

Sports Direct investor Crispin Odey has labelled its founder Mike Ashley "a genius" and said he is fully behind a bonus scheme, which would see Ashley scoop a £39m payout.

Standard & Poor's has become the third main credit rating agency to put the UK's AAA rating on "negative" watch.

SMART MONEY

Investment Week rounds up the most memorable quotes from our favourite (and most outspoken) industry commentators throughout 2012.

MAM Funds has revealed the details of its rebrand, which will see all its funds labelled with the Miton name.

The Financial Services Authority (FSA) is warning asset managers that outsource activities to external service providers to exercise "care and diligence" when entering into any arrangement, and to ensure they have a "robust" exit plan should something...

Old Mutual Global Investors has made four appointments to its sales team, days after Skandia confirmed it is cutting 20% of its sales force.

A transatlantic banking watchdog would protect American and British taxpayers from bailing out banks which are too big to fail, under new plans.

Royal London Asset Management (RLAM) has appointed Rob Williams as head of distribution.

GOSLING'S GROUSE